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Asian stocks rise after Wall Street advance on aid hopes

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BEIJING – Asian stock markets rose Friday after Wall Street gained on hopes government and central bank action can shield the world economy from a looming recession caused by the coronavirus.

Benchmarks in Shanghai, Hong Kong, Australia and Southeast Asia advanced. Tokyo was closed for a holiday. Oil gained again a day after U.S.

benchmark crude soared by a record 23%. Investors were encouraged after seeing more steps by the Federal Reserve and other central banks and governments to support credit markets and the economy.

On Wall Street, the benchmark S&P 500 index rose 0.5% in a relatively modest change compared with violent price swings over the past week.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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